Business news from Ukraine

Business news from Ukraine

EVA plans to invest UAH 1.3 bln in logistics development

This year, the EVA chain of perfume and cosmetics stores plans to expand its product range from 120 thousand items to 180 thousand in 2024, and will invest from UAH 1 to 1.3 billion in logistics development, the EVA press service reports.

According to Sergiy Zinchenko, Director of the Logistics Department, to implement such large-scale tasks, the company is implementing new logistics projects, including automatic personnel management using data science.

“That is, the system understands which specialists have come to work, what their productivity is, and selects the most optimal places to work in the warehouse. We plan to implement it at all our distribution centers,” says Zinchenko.

Another area of focus is the expansion and automation of storage systems. According to Zinchenko, the company plans to introduce two automated systems: AGV (Automated Guided Vehicle) and Automated Storage and Retrieval Systems (AS/RS).

AGV is a system with robots that can automatically move racks. They will move towards a person, not vice versa. EVA wants to buy 20 such robots.

AS/RS are cranes that automatically collect the boxes of products necessary for order fulfillment and transfer them to the order processing area. Plans to purchase a Mini-load system

Zinchenko said that the company plans to expand its logistics real estate. Construction of another stage of 8 thousand square meters has begun in Lviv. In Odesa, the company plans to build a new facility for several phases, with the first phase covering 20 thousand square meters.

“The land plot was acquired before the start of the full-scale Russian invasion and now we have decided to unfreeze this project,” Zinchenko said.

They are also looking for a land plot or warehouses near Kyiv, not far from the existing facility in Brovary.

In general, he said, investments in the development of the logistics sector next year will amount to UAH 1 to 1.3 billion.

RUSH LLC, which manages the EVA network, was founded in 2002. It has 52 own trademarks (OTMs), which are represented by household goods, perfumes, cosmetics, jewelry, personal care products, accessories, underwear and children’s products. In 2022, the share of FMCG sales in physical terms was 30.6%. The company employs about 13.4 thousand people.

According to Opendatabot, the owner of RUSH LLC is Insetra Holdings Limited (Cyprus, 100%), and the company’s ultimate beneficiaries are Ukrainian businessmen Ruslan Shostak and Valeriy Kiptyk.

According to RUSH’s financial results, its net profit in 2022 increased by 16.7% to UAH 973.8 million, while the value of its assets decreased by 2.5% to UAH 10.3 billion. The EVA network’s turnover in 2022 decreased by 7% year-on-year to UAH 15.7 billion.

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February 10, 2024 – INFLUENCE TALK FORUM: famous bloggers will talk about the most promising and profitable professions in the field of digital

10 лютого 2024 року відбудеться – INFLUENCE TALK FORUM: відомі блогери розкажуть про найперспективніші та найприбутковіші професії у сфері діджитал

The event is organized to support fundraising for mobile hospitals for the Armed Forces of Ukraine.

On February 10, 2024, for the first time in Ukraine, the

INFLUENCE TALK FORUM is the largest offline event aimed at popularizing and developing Ukrainian digital and its new promising professions.

The forum will be attended by more than 2,000 guests.

Among them are the best digital experts, influencers, entrepreneurs and veterans of the Armed Forces of Ukraine.

The forum speakers will explain the value of digitalization and effective mechanisms for its implementation in new professions in an accessible and comprehensive manner, based on their own experience. After all, a developed digital sphere means, first of all, more information about Ukraine in the world, the opportunity to socialize at any age and get a new promising profession, in particular for veterans of the Armed Forces of Ukraine. It also means more jobs, motivation to stay in Ukraine, more taxes to the state budget and more donations to help the Armed Forces of Ukraine.

INFLUENCE TALK FORUM is a new large-scale project from the organizers of InstaTalks.

In order to support active youth, revitalize the labor market and give impetus to the development of digital in Ukraine, they were the first to successfully resume offline events in 2022 despite the blackouts.

The forum itself has another important mission – to support fundraising for military mobile hospitals, which are full-fledged hospitals on wheels and can save the lives of Ukrainian defenders and civilians directly on the front line without wasting precious time on heavy and lengthy transportation of the wounded.

Join the educational and charitable event to make the digital sphere more understandable and open up new development prospects. And mobile hospitals could save the lives of our defenders in a timely and effective manner.

Media partners: Interfax-Ukraine and Open4business portal.

Start of the event: February 10, 2024 at 10.00

Website: https://www.instatalks.com.ua

Fuel price developments for 2022-2023

Fuel price developments for 2022-2023

Source: Open4Business.com.ua and experts.news

Oil prices stabilize, Brent $79.6 per barrel

Oil prices stabilized on Thursday after falling the day before on signals that the supply of crude oil on the market exceeds demand.

Data from the American Petroleum Institute (API), released on Wednesday night, showed an increase in US stocks last week by 1.837 million barrels. In particular, stocks increased at the Cushing terminal, where oil traded on the Nymex is stored.

The official data on energy reserves will be released by the US Department of Energy on Thursday at 18:00 p.m. If confirmed, the increase in Cushing oil reserves will be recorded for the tenth consecutive week, which will be the longest period of continuous growth since 2016.

The cost of February futures for Brent oil on the London ICE Futures exchange as of 7:20 a.m. amounted to $79.61 per barrel, which is $0.04 (0.05%) lower than at the close of the previous trading. As a result of trading on Wednesday, these contracts fell by $1.42 (1.8%) to $79.65 per barrel.

Futures for WTI for February in electronic trading on the New York Mercantile Exchange (NYMEX) fell by $0.09 (0.12%) to $74.02 per barrel. The day before, the value of contracts fell by $1.46 (1.9%) to $74.11 per barrel.

Concerns about the outlook for demand, especially in China, are growing, says CIBC Private Wealth analyst Rebecca Babin, quoted by Market Watch. Oil consumption in China, which was quite high in the first three quarters of this year, is weakening, she notes.

“Lack of confidence in the prospects for the Chinese economy in 2024 is the main factor that worries market participants,” Babin said. – “The second most important factor is the possibility that US production will exceed forecasts, as it did in 2023.

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OKKO plans to install solar panels at 70 more filling stations in 2024

By the end of December 2023, the OKKO chain installed solar panels at 122 filling stations, its founder Vitaliy Antonov said.

“In total, solar power plants (with the previously installed ones, we already have 122 of them) this year generated 2 million kWh of electricity and partially covered the needs of filling stations. We also reduced the load on the country’s energy system,” he wrote on his Facebook page.

According to him, in 2023, solar panels were installed at 56 OKKO filling stations, and next year it is planned to install them at 70 more stations. “In other words, we will cover almost 50% of the entire network,” Antonov said.

As reported, in 2022, 65 rooftop solar power plants in the OKKO network generated a total of 1.7 million kWh of electricity, saving the company more than UAH 7 million on energy purchases from external sources.

OKKO filling stations network is a part of OKKO Group. It is one of the largest filling stations networks in Ukraine, with about 400 filling stations.

The majority shareholder of the company is Vitaliy Antonov. Minority shareholders include the European Bank for Reconstruction and Development (EBRD).

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US allocates $250 mln in military aid to Ukraine

The United States has provided Ukraine with a $250 million military aid package, the Pentagon website reports.

“This announcement marks the fifty-fourth tranche of assistance that the Biden administration will provide to Ukraine from the Department of Defense’s stockpile beginning in August 2021,” the statement said.

The new aid package includes additional air defense equipment, artillery ammunition, anti-tank weapons, and other equipment to help Ukraine counter Russian aggression.

In particular, the package includes

– additional ammunition for NASAMS air defense systems;

– Stinger anti-aircraft missiles;

– air defense system components;

– additional ammunition for HIMARS;

– artillery shells of 155 mm and 105 mm caliber;

– optically tracked and wire guided tube-launched missiles (TOW);

– Javelin and AT-4 anti-tank systems;

– more than 15 million rounds of ammunition for small arms;

– explosive ammunition for clearing obstacles;

– spare parts, medical equipment, maintenance and other support equipment.

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